Analysts Expect Recovery for Grab Holdings (GRAB) Based on Share Buyback Program

Grab Holdings Limited (NASDAQ:GRAB) is one of the Best Penny Stocks That Could Skyrocket in 2026. The stock has declined more than 9% over the past month, mainly due to a softer 2026 revenue outlook.

​However, analysts see a potential recovery for the stock as their 12-month average price target suggests more than 79% upside from the current level. This optimism is based on the execution of a $500 million share buyback program, which is expected in the fiscal second quarter of 2026.

​The recent decline in share price comes despite strong fiscal Q1 2026 earnings. The company started 2026 strongly despite the first quarter being seasonally softer, mainly due to on-demand gross merchandise value, which grew 24% year-over-year to $6.1 billion. Revenue for the quarter also grew 24% year-over-year to $955 million. Notably, the adjusted EBITDA reached a record of $154 million, reflecting 46% year-over-year growth.

​CEO Anthony Tan highlighted AI as a key lever going forward. Management is focused on using AI to deliver hyper-personalized experiences for users. The full-year outlook was somewhat softer as management reaffirmed the revenue target of $4.04 billion to $4.10 billion and adjusted EBITDA target of $700 million to $720 million.

Grab Holdings Ltd. (NASDAQ:GRAB) operates deliveries, mobility, and digital financial services in eight countries in Southeast Asia: Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.

While we acknowledge the risk and potential of GRAB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GRAB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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